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  • Low Migration Inks Market Growth Analysis | 2022-2028

    Low Migration Inks Market Growth Analysis | 2022-2028

    Low Migration Inks Market Growth Analysis | 2022-2028
    Report code - SRAM514 Delivery - 2 Weeks
    Low Migration Inks Market Size, Share, Trends, Forecast, & Growth Analysis– 2022 See more...

    Market Insights

    The low migration inks market was estimated at USD 286.44 million in 2021 and is likely to grow at a CAGR of 7.44% during 2022-2028 to reach USD 476.08 million in 2028.

    Low-Migration-Inks-Market-Insights

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    Growing consumption of packaged food and the requirement for securing these food products from getting blended with the printed inks on food packets, and the growing demand for light packaging of food materials accompanied by increasing usage of low migration inks for the labeling of various products such as pharmaceuticals, alcohol bottles, cosmetics are the considerable factors fueling the growth of the market during the forecast period.

    Low migration inks are formulated without the use of raw materials that have been recognized as a material that can pass through any substrate and can cause damage to the flavor, odor, appearance, safety, or taste of the products enclosed within the package. This ink is widely used in the food and beverage industry owing to its exceptional ink-restraining features.

    Low Migration Inks Market Highlights

    Market Size in 2021

    USD 286.44 million

    Market Size in 2028

    USD 476.08 million

    Market Growth (2022-2028)

    7.44% CAGR

    Base Year of Study

    2021

    Trend Period

    2017-2020

    Forecast Period

    2022-2028

    Segments Covered

    By Printing Process Type (Flexography, Offset, Digital, and Gravure),

    By End-User Industry Type (Food & Beverage, Pharmaceuticals, Personal Care, and Others),

    By Region (North America, Europe, Asia-Pacific, and the Rest of the World).

    Segments Analysis

    By Printing Process Type

    Based on the printing process type, the market is segmented as flexography, offset, digital, and gravure. Flexography is estimated to hold the major share of the market during the forecast period owing to its quickness and application in varied surfaces. It is a process of surface printing that is widely used as an efficient and appropriate way of smearing designs and writings for a variety of packaging items, such as paper and plastic containers, paperboard boxes, tape, and metal foils.

    By End-User Industry Type

    Based on the end-user industry type, the market is segmented as food & beverages, pharmaceutical, personal care, and others. Food & beverages are estimated to witness a significant growth rate in the market. Factors such as various guidelines pertaining to the use of low-migration inks in packaged food products and strengthening the sales of packaged food across the globe are expected to boost market growth during the forecast period.

    Regional Insights

    In terms of regions, Europe is estimated to account for the largest share of the market. The growth of the market is attributed to an increase in sales of food and packaging industries and a favorable standard of its usage in the regional market during the forecast period. Further, North America is also anticipated to account for a significant share of the market, owing to the standardized regulations in the U.S., fueling the regional market growth. Asia-Pacific is also expected to offer substantial growth opportunities during the forecast period.

    Low-Migration-Inks-market-Regional-Insights

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    Market Segmentation

    This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The market is segmented into the following categories.

    By Printing Process Type

    • Flexography
    • Offset
    • Digital
    • Gravure

    By End-User Industry Type

    • Food & Beverage
    • Pharmaceuticals
    • Personal Care
    • Others

    By Region

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Low-Migration-Inks-Market-Segmentation

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    Key Players

    Some of the key players in the market are-

    • Agfa-Gevaert N.V.
    • Altana AG
    • Epple Druckfarben AG
    • Flint Group
    • Huber Group
    • INX International
    • Marabu US Holding GmbH & Co. KG
    • Siegwerk Druckfarben AG & Co. KGaA
    • Sun Chemical Corporation
    • Toyo Inks

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation by anyone of the printing process types by end-user industry type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The market was estimated at USD 286.44 million in 2021.

    The market is likely to reach USD 476.08 million in 2028.

    The low migration inks market is expected to witness an impressive growth of 7.44% CAGR in the foreseeable future.

    Low migration inks are formulated without the use of raw materials that have been recognized as a material that can pass through any substrate and can cause damage to the flavor, odor, appearance, safety, or taste of the products enclosed within the package. This ink is widely used in the food and beverage industry owing to its exceptional ink-restraining features.

    Agfa-Gevaert N.V., Altana AG, Epple Druckfarben AG, Flint Group, Huber Group, INX International, Marabu US Holding GmbH & Co. KG, Siegwerk Druckfarben AG & Co. KGaA, Sun Chemical Corporation, and Toyo Inks are among the key players in the market.

    Europe is expected to account for the largest share of the market.

    Food & beverages are expected to witness a significant growth rate in the market.

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